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Nov 13 - 01:55 AM

AUD/USD - Holds Above Support As Focus Turns To US CPI

By Krishna K  —  Nov 12 - 10:10 PM
  • AUD/USD unchanged in Asia after trading in a narrow 0.6516-0.6538 range

  • Pares losses after early drop to 0.6516 on softer-than-expected wages data

  • Australia Q3 wage growth slows to 3.5%, lowest since late 2022

  • Data unlikely to influence RBA policy to any great extent, taken in stride

  • CNY drifts touch higher after higher-than-expected PBOC fix, supports AUD

  • U.S. CPI Wednesday, Australia jobs data Thursday seen as key for direction

  • Support 0.6510-15, loss opens 0.6489; resistance 0.6550, 0.6570-80

  • Asia range 0.6516-0.6539

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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